Media headlines about Hecla Mining (NYSE:HL) have trended somewhat negative this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hecla Mining earned a coverage optimism score of -0.08 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 68 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Hecla Mining Company (HL) Set to Announce Earnings on Thursday (americanbankingnews.com)
- Sell or Hold action?: Hecla Mining Company (HL) – Voice Of Analysts (analystsbuzz.com)
- Watching Historical Performance for Hecla Mining Company (NYSE:HL) – Jonesboro Recorder (jonesbororecorder.com)
- Hecla Mining Company (HL) Shares Sold by OLD National Bancorp IN (nolopodrasdejardever.com)
- Overview of Different Indicators: Rice Energy Inc. (RICE), Hecla Mining Company (HL) – AllStockNews (allstocknews.com)
A number of research firms recently commented on HL. Zacks Investment Research cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. HC Wainwright reissued a “buy” rating and set a $8.00 target price on shares of Hecla Mining in a report on Sunday, June 25th. BidaskClub lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. TheStreet upgraded shares of Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.81.
Hecla Mining (HL) traded down 3.30% on Thursday, reaching $5.27. 6,046,649 shares of the company’s stock traded hands. The firm has a market capitalization of $2.09 billion, a P/E ratio of 21.34 and a beta of 0.43. The stock has a 50-day moving average of $5.26 and a 200 day moving average of $5.60. Hecla Mining has a 52 week low of $4.61 and a 52 week high of $7.64.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Monday, May 8th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The business had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $160.24 million. Hecla Mining had a return on equity of 5.45% and a net margin of 14.75%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. On average, equities analysts expect that Hecla Mining will post $0.14 EPS for the current fiscal year.
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About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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